Solidifi provides appraisal services for five of the top seven banks in Canada and is the market leading choice for Credit Unions and Mortgage Banks/Brokers. Founded in 2004, Solidifi is the appraisal service provider of choice in North America with a Canadian network of 3000+ appraisers.

ExtraOrdinary

Every Lender is unique … it only makes sense that you should be able to outsource your appraisal process and work with professional appraisers as you define it.

Welcome to Solidifi – the next generation of appraisal management.

Solidifi offers Lenders the choice of using Solidifi’s elite national panel through PerforMAX™ or exclusively using their existing trusted Appraiser network through Smartflex™, or a combination of both. We ensure all Appraisers maintain specific qualifications, designations, insurance and licenses. Our proactive service management and end-to-end quality control process will also ensure you are delivered a high quality appraisal that meets industry regulations and Lender guidelines.

Unprecedented order volume, appropriate independence standards and good fees–there’s never been a better time to be a professional, tech savvy, quality-focused appraiser. And the best appraisers have never been busier. They’ve also never been more committed. With the launch of the Solidifi EXTRAORDINARY APPRAISER program, it’s time to celebrate Solidifi’s top performers, featured appraisers that demonstrate quality, and going above and beyond for the lender and the homeowner are part of their DNA.

“In development news, it was announced that the town-owned land located at the southwest corner of Yonge Street and Major Mackenzie Drive will be transformed into an all-year-around community space with new municipal offices and […]

The City of London’s downtown core and surrounding area continues to see a changing skyline and revitalization. Case in point, the Tricar Group is building a 29-storey, 200-unit condominium high-rise at 505 Talbot Street called […]

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Local Trends

Best May for sales in London, ON since 2007

June 10, 2015

“The 1,055 homes sold in May 2015 represented the best May the London market has experienced since 2007. Looking at the market on a month-to-month basis, sales were up 9.4% compared to the previous month of April. Year-over-year the average sale price was up approximately 4.5% to $263,785 in May 2015 vs. $251,680 in May 2014. As well, the sales-to-new-listings ratio was 58% in May which is over the typical 50%-51% range. Overall the London market remains balanced, a trend that has been in place since early to mid 2007, however, May listings were down 3.7% in London and inventory at the end of period was down 2.7%. If this continues, a shift to a seller’s market could be imminent.”

Bob Lyons, London ON - Solidifi Featured EXTRAORDINARY APPRAISER

Supply of inventory soars in Halifax-Dartmouth

October 27, 2015

“The long awaited ship-building contract has arrived. This past summer, construction on the first Arctic patrol vessel commenced. At present, there are well over 15 tower cranes at work throughout HRM. Most of the new residential construction is in the form of hi-rise rental apartments. Some condominium development is also underway. Overall, supply remains at historically elevated levels. There were 9,444 active residential listings on the Association’s MLS® System at the end of August 2015, up 6.0 per cent from the same time last year. All of these trends lean strongly towards a buyer’s market. Even so, the median sale price for September 2015 was $264,727 up slightly from the median sale price a year ago which was $268,698.”

Wayne Sajko, Halifax, NS - Solidifi EXTRAORDINARY APPRAISER

Median price up slightly year over year in Owen Sound, ON

May 1, 2015

“Owen Sound, Ontario will soon have a high-end condominium, called “The Sydenham,” that will target purchasers seeking a luxury residence. This 32-unit development will be located right in the centre of Owen Sound and overlook the Sydenham River. Looking at the stats, the median home price for March versus a year ago was relatively unchanged with March 2015 being $245,290 while March 2014 was $240,587. Comparing the statistics month-to-month, the number of homes sold in March 2015 was up from February; 156 vs. 130. Average-days-on-market didn’t vary much as March was 60-150 days and February was 60-180 days. Meanwhile, total inventory of homes in the marketplace was up substantially in March to 1,802 vs. 1,587 in February—an increase of 12%.”

Owen Sound, ON experiencing a buyer’s market

October 5, 2015

“Year over year there was a slight increase in the median sale price in Owen Sound as it went from $222,957 in August 2014 to $243,864 in August 2015. Currently we have a buyer’s market in place with an ample supply of inventory of homes in the marketplace (2,555 in July and 2,495 in August). As a result through the months of July and August there was no change in the number of homes sold (262) and the average days on market continued to range between 30-120 days.“

Arlene Brown, Owen Sound, ON - Solidifi EXTRAORDINARY APPRAISER

Median sale price in double figures for September

December 8, 2016

In development news, it was announced that the town-owned land located at the southwest corner of Yonge Street and Major Mackenzie Drive will be transformed into an all-year-around community space with new municipal offices and an expanded central library. In other news, the Province of Ontario announced in June 2016 that it will be providing over $55 million dollars to Metrolinx to continue the planning and designing work for the proposed Yonge North Subway extension which would extend from the existing Finch Station to Highway 7. Looking at the latest market data, year over year the median sale price jumped 28.5% to $1,100,000 in October 2016 vs. $825,000 in October 2015. September was a busy month for home sales with 395 sales recorded vs. 345 sales two months earlier in July. Inventory also rose in September to 624 listings vs. 543 in July. Naturally, with this kind of activity, the average days on market lowered— dropping to 15 days in September vs. 18 days in July.

Property values continue to rise in Port Coquitlam

November 17, 2015

“The overall Metro Vancouver market recorded 3,345 sales in September 2015 which was a 14.5% increase over sales recorded in September 2014. The September 2015 sales number was also 32.9% above the 10-year sales average for the Metro Vancouver market. Looking at the Port Coquitlam market specifically, market trends have increased across the board for all types of housing types with the largest percentage increase reflected in the detached housing market followed by apartment and townhouse properties. Year over year the median sale price for a detached home in Port Coquitlam rose 18% to $695,100 in September 2015 vs. $587,800 in September 2014. Meanwhile the median sale price for apartment units rose 7.3% from $226,000 to $242,600 while the median sale price for townhouses was 6.4% higher from $381,100 to $405,800.”

John Volpe, Port Coquitlam, BC - Solidifi EXTRAORDINARY APPRAISER

Hot market fuels new developments in Richmond Hill

November 14, 2016

Demand continues to outpace supply in single-family homes in Richmond Hill, Ontario. As a result prices continue to soar with multiple offers still prevalent in the marketplace. It remains to be seen if the new, stricter mortgage rules will have any significant impact on housing prices, especially with entry level homes. So far, the impact has been minimal. There are a number of new developments underway in the area including Observatory Hill which will be a large subdivision and a benchmark development in Richmond Hill and York Region. Year over year the median sale price in September 2016 was up 34% to $1,166,496 vs. $870,516 in September 2015. Comparing market data in September to the previous two months, the number of homes sold was 393 in September vs. 382 in August and 345 in July. The inventory of homes rose to 463 in September vs. 393 in August, while July was almost the same at 468. The average-days-on-market varied slightly, coming in at 15 days in September vs. 17 days in August and 18 days in July.

No slowdown for Vancouver, BC market

November 24, 2015

“The Real Estate Board of Greater Vancouver reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. Year over year this represented a 40% increase compared to the 2,516 sales recorded in November 2014. New listings for detached, attached and apartment properties in Metro Vancouver totaled 3,392 in November. This was a 12.5% increase compared to the 3,016 new listings reported in November 2014. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver was $752,500 in November, a 17.8% increase over November 2014. While the benchmark price for a detached property in Metro Vancouver increased 22.6% year over year from the $1,226,300 recorded in November 2014.”

Simon Kwan, Vancouver, BC - Solidifi EXTRAORDINARY APPRAISER

London’s downtown core continues evolving

November 28, 2016

The City of London’s downtown core and surrounding area continues to see a changing skyline and revitalization. Case in point, the Tricar Group is building a 29-storey, 200-unit condominium high-rise at 505 Talbot Street called Azure. This new development was started just after Tricar’s recently completed two-tower Renaissance development at the southeast corner of King and Ridout Streets. As for the overall market, in September 2016, 866 homes sold in the London and surrounding area representing a 3.1% increase over September 2015. This was the best September on record for sales since the association of Realtors (LSTAR) began systematically tracking in 1978. Year over year the median sale price rose 5.1% to $278,311 in September 2016 vs. $264,971 a year ago.

Etobicoke, ON new listings heat up in March

April 17, 2015

A new development called “West Village” in Etobicoke is underway and will feature four high-rise condominium towers that will be energy-efficient and environmentally-friendly. Year-over-year the average home price was up from $615,793 in March 2014 to $626,958 in March 2015. Comparing March 2015 to the previous month, the number of homes sold was up almost 30% from 127 in February to 160 in March, while days-on-market saw virtually no change at 24 days vs. 23 in February. The number of new listings for the month of March jumped dramatically, however—approximately 50% from 241 in February to 360 in March.